Bessemer Group Inc. Acquires Shares of 3,370 Alamos Gold Inc. $AGI

Bessemer Group Inc. bought a new position in Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,370 shares of the basic materials company’s stock, valued at approximately $90,000.

Several other hedge funds have also made changes to their positions in AGI. Ameritas Advisory Services LLC purchased a new stake in shares of Alamos Gold in the 2nd quarter worth $30,000. Banque Transatlantique SA purchased a new stake in shares of Alamos Gold in the 1st quarter worth $31,000. SBI Securities Co. Ltd. lifted its holdings in shares of Alamos Gold by 67.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,645 shares of the basic materials company’s stock worth $44,000 after buying an additional 660 shares during the period. SVB Wealth LLC purchased a new stake in shares of Alamos Gold in the 1st quarter worth $67,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Alamos Gold in the 1st quarter worth $68,000. 64.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Alamos Gold in a report on Tuesday, September 16th. Stifel Canada upgraded Alamos Gold to a “strong-buy” rating in a report on Tuesday, July 8th. National Bankshares reissued an “outperform” rating on shares of Alamos Gold in a research report on Tuesday, August 5th. Zacks Research upgraded Alamos Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Stifel Nicolaus started coverage on Alamos Gold in a research note on Wednesday, July 9th. They set a “buy” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $41.00.

Alamos Gold Trading Down 4.0%

Shares of NYSE AGI opened at $30.02 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.00. The stock has a market capitalization of $12.63 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 0.50 and a beta of 0.50. Alamos Gold Inc. has a 1-year low of $17.42 and a 1-year high of $37.54. The business has a fifty day moving average price of $32.76 and a 200 day moving average price of $28.66.

Alamos Gold (NYSE:AGI) (TSE:AGI) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $462.30 million during the quarter, compared to analysts’ expectations of $490.96 million. Alamos Gold had a return on equity of 12.69% and a net margin of 33.46%.The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. Equities research analysts expect that Alamos Gold Inc. will post 1.29 EPS for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 11th. Alamos Gold’s dividend payout ratio is currently 7.81%.

Alamos Gold Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.